Stock Movers

On this episode of Stock Movers:
- Lumentum (LITE) shares drop. Marvell Technology Inc. has reached a deal to buy Lumentum Holdings Inc. at an enterprise value of $115 billion. The all-stock transaction will give Marvell shareholders 67% of the combined company and is expected to close in the first half of 2028. Lumentum makes lasers and other optical technology for moving enormous amounts of data at high speeds, which underpins the AI boom.
- Oracle (ORCL) shares are down. Oracle Corp. is raising $20 billion in debt and equity to finance its artificial intelligence infrastructure spending. The company is selling $10 billion of US dollar investment-grade bonds and a similar amount in common stock to help fund day-to-day operations.
- Estee Lauder (EL) shares are mixed. Estee Lauder Cos. reported better-than-expected earnings and raised its outlook, a sign the beauty conglomerate’s turnaround effort is winning over consumers. The company said organic sales will likely grow by 4% to 5.5% in the fiscal year, and demand for fragrances led the growth, helped by the more affordable line Kilian Paris’ Cocktails Collection.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- EchoStar (ECHO) is gaining on news Elon Musk's SpaceX is looking to start a wireless service with Echostar.
- Lumentum (LITE) is moving on news Marvell Technology has reached a deal to buy Lumentum at an enterprise value of $115 billion. Lumentum makes lasers and other optical technology for moving enormous amounts of data at high speeds, which underpins the AI boom.
- Apple (AAPL) shares are moving ahead of its earnings report today. Apple shares have climbed 25% from a low in late June, adding roughly $1 trillion in market value, as the company’s steady revenue growth and rising free cash flow have offered a haven for investors.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- EchoStar (ECHO) is gaining on news Elon Musk's SpaceX is looking to start a wireless service with Echostar.
- Estee Lauder (EL) is moving after it reported better—than-expected earnings and raised its outlook, the latest sign the beauty conglomerate’s turnaround effort is winning over consumers.
- Innovio (IO) is soaring as much as 269% in premarket trading after the biotech got accelerated FDA approval for Voceryq, an immunotherapy to treat adults with recurrent respiratory papillomatosis.
- Alphabet (GOOG) shares are moving as Alphabet kicked off its second sale of euro bonds this year, testing investor demand after its disappointing third-quarter earnings.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Alstom shares fall as much as 31% in Paris, heading for the biggest one-day decline in more than three years, after the train maker cut its adjusted Ebit margin forecast and warned of a significant free-cash outflow. JPMorgan views Alstom’s second warning this year as a “painful but necessary clearing event.”
- BP Plc completed a deal to offload its Castrol lubricants business, giving the oil and gas major $6 billion to pay down debt as it works to repair the balance sheet.
- Ibstock warned it expects its performance in the second-half of the year to be materially below its previous expectations due to weak market conditions, prompting Peel Hunt to cut its estimates and price target on the building products maker.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Tokyo Electron shares rise as much as 4.5%, after the Japanese semiconductor equipment company reported its second quarter earnings results with analysts viewing the WFE outlook positively.
- Declines in heavyweight bank stocks like DBS Group drag Singapore’s benchmark Straits Times Index lower, making it the worst performer in Asia Monday.
- Postal Savings Bank of China shares fall as much as 3.4% in HK after its 3Q results. Analysts say its earnings growth was constrained by rising credit costs and margin pressure in 3Q, despite improved cost efficiency.
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